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NEW YORK (AP) — Stocks are edging lower in early trading after a
sell-off Tuesday sent the S&P 500 to its lowest level of the
year.
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Before the market opened, payroll processor ADP said private
companies added 114,000 jobs last month. The number was within Wall
Street’s forecasts. Concerns about the economy have sent stocks
lower recently.
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MasterCard and CBS are each up more than 2 percent after their
quarterly results beat analyst estimates.
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Shortly after the market opened Wednesday, the Dow Jones industrial
average is down 30 points, or 0.3 percent, to 11,836. The S&P
is down 3 at 1,251. The Nasdaq composite is down 3, or 0.1 percent,
to 2,666.
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